Nexen is a Canadian-based energy company with operations in strategic locations around the world including the North Sea, the Gulf of Mexico, offshore West Africa, Canada, Yemen and Colombia. With over 3,800 employees worldwide, our primary offices are located in Calgary, Houston, Uxbridge and Aberdeen.
Our goal is simple – to responsibly grow long-term value for shareholders by focusing on three growth strategies: conventional exploration and development, oil sands and shale gas.
Our opportunity portfolio is rich and diversified, with almost 10 billion boe to develop. We have a track record of profitability and a strong balance sheet. With industry-leading cash netbacks and new growth projects under way, we are well positioned to continue creating value for shareholders.
The way we work is just as important as the results we achieve. Our global reputation for sound governance, safe and ethical business practices and transparent disclosure helps ensure we are both an economic success and a responsible developer. We are also proud of our comprehensive stakeholder consultation processes which enable open dialogue with stakeholders. In addition, through our social responsibility program, we support meaningful projects in the communities where we operate.
Latest Nexen News
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable three-year frame agreement, with four one-year options, for six North Sea clients: Chevron North Sea Limited, Dana Petroleum (E&P) Limited, Hess Denmark APS, Nexen Petroleum U.K. Limited, Talisman Sinopec Ener... Wednesday, February 3, 2016
Nexen Energy ULC (Nexen) is responding to an incident at its Long Lake oil sands facility south of Fort McMurray: 'In the afternoon of Friday, January 15, an explosion occurred at Nexen's Long Lake facility in northern Alberta. Our emergency response plan has been activated and response personnel, ... Monday, January 18, 2016
Fort Nelson First Nation has won a major legal challenge against the BC government and Nexen Inc., an upstream oil and gas company. The first long-term water license granted in the Horn River Basin for shale gas fracking has been cancelled, effective immediately, by the Environmental Appeal Board. ... Monday, September 7, 2015
Xodus Group has been awarded a contract with Nexen Petroleum U.K. Limited to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea. The workscope will assess the best practice decommissioning methods f... Wednesday, September 2, 2015
All Nexen News
'It takes 20 years to build a reputation and five minutes to ruin it. If you think about that you'll do things differently.' Warren Buffet There are a number of companies in the hydrocarbons' sector that have learnt this the hard way. That is arguably because crises in the oil and gas industry ar... Monday, July 27, 2015